Statistical Brief: What We’re Worth — Asset Ownership of Households: 1993
Statistical Brief: What We’re Worth — Asset Ownership of Households: 1993
Report Number: SB/95-26
Net worth remains stable.
Your net worth, or wealth, is the amount of your financial resources, equaling the value of your assets minus any debts. The median American household had a net worth of $37,587 in 1993, statistically unchanged from the 1991 figure of $38,500 (1993 dollars)1.
There were declines in the median values of interest-earning assets at financial institutions, other interest-earning assets, rental property, motor vehicles, and businesses and professions. These declines were offset by gains in the values of stocks and mutual fund shares, home equity, and U.S. savings bonds.
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1 The analysis does not cover equity in pension plans, the cash surrender of life insurance policies, or the value of jewelry and home furnishings.
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Page Last Revised - October 8, 2021